ESPOO – Nokia Oyj (HE:NOKIA) has today transferred 39,963 of its own shares without consideration to participants of its stock-based incentive programs, in accordance with the terms of the programs. This follows a decision by the company's board announced on November 11, 2024, to distribute held shares to fulfill commitments under these programs. After the transfer, Nokia holds 229,926,340 of its own shares.
The Finnish telecommunications company, known for its technology that connects the world, operates as a leader in B2B technology and innovation. With its expertise in fixed, mobile, and cloud networks, Nokia continues to pioneer future sensing, thinking, and intelligent network solutions. The company asserts its leadership position based on its intellectual property rights and long-term research and development, led by the award-winning Nokia Bell Labs.
Nokia's network solutions, based on open architecture, seamlessly integrate into various ecosystems, offering new commercialization and scaling opportunities for networks. Service providers, enterprises, and partners globally rely on Nokia's network performance, responsibility, and security standards. The company collaborates with partners to develop future digital services and applications.
This information is based on a press release statement from Nokia. The distribution of shares is part of Nokia's ongoing efforts to incentivize and reward employees participating in its stock-based incentive programs, reflecting the company's commitment to aligning the interests of its workforce with those of its shareholders.
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